Nokia slides 3% as shares go ex-dividend, profit-taking follows Q2 estimate cuts
Nokia shares are down about 3% as the stock trades ex-dividend on April 28, 2026, mechanically resetting lower by the dividend amount. The drop also follows recent estimate cuts for Q2 EPS that are cooling momentum after last week’s post-earnings rally.
1. What’s moving NOK today
Nokia is falling as the stock trades ex-dividend on April 28, 2026, which typically pulls the share price lower by roughly the dividend amount as new buyers are no longer entitled to the upcoming payout. This calendar-driven reset often looks like sudden weakness on quote screens even when fundamentals are unchanged. (stockevents.app)
2. Fresh earnings revisions are adding pressure
Sentiment is also being tempered by a recent sell-side revision cycle: Northland Securities reduced its Q2 2026 EPS estimates, a type of update that can spark incremental profit-taking after a strong run. That dynamic matters because Nokia shares have been reacting to shifts in confidence around near-term margin and earnings trajectory, not just long-term AI-networking themes. (marketbeat.com)
3. Context: strong Q1 narrative, but the stock has run
Last week’s focus was Nokia’s Q1 2026 results and messaging around AI-related networking demand, which helped drive a rally and raised expectations for follow-through in optical and IP. After a sharp move higher, even routine events like an ex-dividend date and modest estimate trims can trigger a pullback as traders lock in gains. (investing.com)